California
Steady Income Stream, Value Potential Underscore Torrance Industrial’s Appeal
4240 W. 190th St., a 307,487-square-foot multi-tenant industrial building in Torrance, recently sold for $75 million or $245 per square… Read more
Capitol Annex is Underway Despite Opposition
Elected officials and staff at the state capitol are beginning a new legislative year in new offices. They moved late… Read more
Buyers View Vue as an Impossible-to-Replicate Opportunity
Vue at Spring Creek, a 280-unit apartment complex in Colorado Springs, CO, recently sold to an undisclosed California-based buyer. The… Read more
Sephora Takes Down Largest Lease Since COVID Began
Sephora recently inked a mega-lease for new headquarters space in San Francisco – the city’s largest since the pandemic began.… Read more
Brig Black Launches Elevation Land After Nine Years at LPC
Brig Black, who founded and led Lincoln Property Company’s San Diego regional office for more than nine years, recently launched… Read more
Marriott Desert Springs Uses $128M Loan to Repay Existing Loan
The JW Marriott Desert Springs Resort & Spa, an 884-key resort in Palm Desert, recently obtained a $128 million loan.… Read more
Midas Enterprises Opens First LA Property
Midas Enterprises recently opened its first Los Angeles property. The $25 million 107-room Residence Inn is the Antelope Valley region’s… Read more
Newsom Encourages Californians to Engage in Volunteer Opportunities
With Martin Luther King Jr. Day this week, Gov. Gavin Newsom encouraged all Californians to honor the civil rights leader… Read more
Frontier Airlines Will Resume Midway Airport Service
Frontier Airlines, which ceased flying out of Midway Airport in 2015, will resume service from the South Side facility in April. Flights from Midway initially will… Read more
Bridge Industrial JV Will Develop Build-to-Core in Urban Infill Markets
Chicago-based Bridge Industrial and Canada-based Public Sector Pension Investment Board formed a joint venture to develop warehousing in a build-to-core strategy in urban infill locations. PSP Investments and Bridge have allocated US$550 million in… Read more
Woodlake Center is Woodmont’s Latest Assignment
Woodmont Real Estate Services recently added a new management account to its roster: Woodlake Shopping Center. The 50,000-square-foot shopping center… Read more
IRA Capital Acquires UCSD Cancer Center, Its Eighth in 90 Days
Southern California private equity firm IRA Capital (IRA) recently acquired the UCSD Cancer & Health Center located in Vista. The… Read more
High-Volume Center Sets Record for a Gas Station Property Sold to a Private Party
A Shell gas station, and Circle K Convenience Store and Car Wash recently sold for $9.34 million. The purchase included… Read more
Rexford Nabs Another 307K-SF Industrial Near LAX
A 307,487-square-foot fully leased multi-tenant industrial property at 4240 W. 190th St. in Torrance recently sold to Rexford Industrial Realty.… Read more
State/Fed Policymakers Provide Updates on RE Issues
Real estate professionals and affiliates gathered in La Jolla and virtually last week to hear policymakers and representatives from state… Read more
NIO Gears Up to Lease 202K-SF Building for 10 Years
A two-story standalone office headquarters in San Jose recently leased to multinational electric vehicle manufacturing company NIO USA Inc. Located… Read more
Miramar Parcel’s Solid Tenant Base Provides Buyer with Predictable Income
A 3.56-acre industrial parcel in Central San Diego’s industrial district of Miramar recently sold for $13.8 million. Totaling 17,931 square… Read more
New Home Sales Move So Fast That Supply Can’t Keep Up
The Inland Empire continues to be the state’s and country’s hot housing spot. Ontario Ranch again topped Irvine Ranch as… Read more
Three Assets Sell Over Asking with Multiple Offers in Three Weeks
A three-building multifamily portfolio located in the San Gabriel Valley recently sold for approximately $68 million. The portfolio, located at… Read more